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October 22, 2009

San Mateo-Based RedSeal Systems Raises $12 Million in Funding

San Mateo, Calif. -- RedSeal Systems, a San Mateo-based developer of software designed to help clients guard against data breaches, said that it has raised $12 million in a new round of funding, led by OVP Venture Partners. Previous investors Venrock, Jafco Ventures, Sutter Hill Ventures and Leapfrog Ventures also participated in the round, which increased the company's total backing to more than $43 million. RedSeal's software is designed to automatically assess the cybersecurity defenses of an organization, identifying weaknesses before they can be exploited. Mark Ashida, managing director at OVP Venture Partners, has joined the company's board of directors.http://www.redseal.nethttp://www.redseal.net/news-and-events/press-releases/102109.php